08/31/2014

Apple reportedly signs deal with American Express for mobile payment system

It appears that Apple may have found at least one new partner for their rumored payment system, reportedly coming with their next iPhone. American Express has reportedly signed on for Apple's mobile payments, one of several such agreements that Apple will need to make with credit card companies if they want their system to be a success.

Apple has reached an agreement with American Express to work together on its new iPhone payments system, according to sources familiar with the talks. American Express is one of several partners Apple will need to sign up before it can launch its new payments plan, which sources say it plans to announce at its September 9 product event.

An NFC-powered mobile payments system has been rumored as part of Apple's September 9 event. Apple has also earlier been reported to have made a similar agreement with Visa over such a system.

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